Accounts & headline costs
Sections ↑XP Investimentos combines a Brazilian brokerage and investment platform with adviser-supported services, professional trading tools and a separate international-investing route. The decisive question is not whether one headline says zero. It is which channel placed the order, which market and product were used, whether the order was self-directed or adviser-assisted, and which exchange, financing, tax and operational charges survived.[1][4][6]
Account comparison01
Account and service routes at a glance
| Account or route | Customer scope | Headline condition |
|---|---|---|
| Brazil self-directed brokerage | Eligible Brazilian customers; securities and listed derivatives | Home Broker/app pricing applies to independently placed orders; exchange and other charges remain.Source 1Source 5 |
| Brazil adviser-supported account | Customer with XP or accredited-office adviser relationship | Office or dealing-desk conditions can differ from self-directed tariffs and may be negotiated or amended.Source 1 |
| International account | Eligible customers using XP’s global investing route | US stocks, ETFs, REITs and ADRs use value bands; UCITS funds and currency conversion have separate prices.Source 1 |
| Fixed income and funds | Product-specific distribution and custody route | Issuer, fund and deposit terms determine yield, liquidity and eligibility for FGC or other safeguards.Source 7Source 4Source 14 |
Broker essentials02
Opening essentials
| Measure | Value | Context |
|---|---|---|
| Opening and maintenance | R$0 | Published ordinary account-opening and maintenance charge.Source 1 |
| Securities custody | R$0 | Published custody charge for the covered brokerage assets; product expenses and exceptional services remain.Source 1 |
| Brazil self-directed stocks/BDRs | R$0 with RLP day trade; otherwise R$2.90 day trade / R$4.90 swing | Published self-directed schedule; RLP eligibility and adviser route matter.Source 1 |
| International account | US$0 opening and maintenance | Trading, FX conversion and account-event charges remain.Source 1 |
| Legal company | XP Investimentos CCTVM S.A. | Match CNPJ 02.332.886/0001-04 and current official participant records.Source 11Source 12 |
A self-directed order and an adviser-supported order are not interchangeable merely because they appear in the same XP account. The current cost page repeatedly separates platform execution from desk or adviser execution, and it allows accredited-office arrangements to use different conditions.[1]
Products & platforms
Sections ↑Availability03
Products and what is actually held
| Product | Published access | Important boundary |
|---|---|---|
| Brazilian stocks, ETFs, BDRs and listed funds | Exchange-listed securities through B3-supported routes | Ownership and settlement follow the actual security; taxes, B3 charges and issuer/fund costs remain.Source 8Source 5Source 13 |
| Listed derivatives | Futures, mini-contracts, options and related exchange products | Per-contract prices, margin and liquidation risk differ by contract and channel.Source 1Source 6 |
| Fixed income | Bank, corporate and government instruments available through the catalogue | Credit risk, liquidity and FGC eligibility depend on the issuer and instrument.Source 7Source 14 |
| Funds and alternative assets | Fund distribution and selected secondary-market products | Management/performance fees and secondary-market pricing can apply independently of XP custody.Source 4Source 1 |
| International stocks, ETFs, REITs and ADRs | Global account with value-band commission | Foreign-market, FX, tax and transfer rules are separate from Brazil trading.Source 1 |
| International UCITS funds | International account purchase and sale route | 0.25% transaction charge with US$5 minimum under the published schedule.Source 1 |
Platforms & products04
Platforms and tools
| Platform or tool | Published capability | Boundary |
|---|---|---|
| XP app and web account | Portfolio, funding, orders, documents and support | Displayed account values do not make unsettled or restricted cash withdrawable.Source 4Source 2 |
| Home Broker | Self-directed Brazilian exchange order entry | Published self-directed commission requires the qualifying channel; market and product costs remain.Source 5Source 1 |
| Professional / third-party platforms | Advanced charting, order and derivatives tools | Platform rental, data, eligibility or channel-specific tariff may apply.Source 6Source 1 |
| International interface | Global securities and foreign-currency route | US and UCITS pricing, conversion and transfer charges follow the international schedule.Source 1 |
| Espaço Seguro | Security environment for sensitive financial actions | Security controls can restrict operations until authentication or recovery is completed.Source 9 |
XP’s catalogue includes owned securities, fund units, deposits, exchange derivatives and international assets. Those categories do not share one protection structure or one cost unit, so the profile keeps commissions, fund expenses, credit protection and leverage mechanics separate.[4][7][1][14]
Fees & holding costs
Sections ↑Pricing & charges05
Core charges
| Charge | Published amount | Scope or trigger |
|---|---|---|
| Brazil stocks/BDRs — day trade with RLP | R$0 self-directed | RLP qualification, exchange charges and operational fee remain.Source 1 |
| Brazil stocks/BDRs — day trade without RLP | R$2.90 per self-directed order | Partially executed orders are charged on execution under the page’s order rules.Source 1 |
| Brazil stocks/BDRs — swing trade | R$4.90 per self-directed order | Adviser/office conditions can differ.Source 1 |
| International stock/ETF/REIT/ADR order up to US$100 | US$1 | Transaction-value band; fractions use the same commission schedule.Source 1 |
| International order above US$100 to US$1,000 | US$1.50 | Per executed order under the published schedule.Source 1 |
| International order above US$1,000 to US$2,000 | US$4.30 | Per executed order.Source 1 |
| International order above US$2,000 | US$8.60 | Desk/adviser execution instead uses 0.5% with US$10 minimum.Source 1 |
| International UCITS buy or sell | 0.25%; US$5 minimum | Separate from US-listed securities bands.Source 1 |
Pricing & charges06
Worked cost examples
| Example | Calculated amount | Assumptions |
|---|---|---|
| R$10,000 self-directed swing purchase | R$4.90 brokerage before other charges | Excludes B3 charges, taxes, spread and XP operational percentage.Source 1 |
| US$750 international stock order | US$1.50 commission | Excludes FX conversion, market spread, taxes and later sale or transfer charges.Source 1 |
| US$3,000 international stock order | US$8.60 commission | Self-directed band; adviser/desk route would use its separate schedule.Source 1 |
| US$10,000 UCITS fund purchase | US$25 commission | 0.25% is above the US$5 minimum; excludes fund expenses and FX.Source 1 |
Pricing & charges07
Other costs and continuing charges
| Item | Published treatment | Practical consequence |
|---|---|---|
| XP operational fee on covered Brazil trading charges | 5.9% of brokerage, emoluments and settlement charges | Added to the underlying charge base under the published schedule.Source 1 |
| Forced / compulsory liquidation | 0.5% of financial value; R$50 minimum per order | Applies when risk management closes positions; not a voluntary self-directed price.Source 1 |
| International FX spread | Relationship- and size-dependent; published bands from 2.25% down to 1.30% | Off-hours conversion has a higher spread; actual tier must be confirmed.Source 1 |
| IOF on published international conversion | 1.10% BRL to USD; 0.38% USD to BRL | Tax treatment can change and is separate from XP’s FX spread.Source 1 |
| International ACAT transfer out | US$75 | Account-event fee under the global schedule.Source 1 |
| International DRS in/out | US$115; rejected DRS/DWAC US$125 | Issuer/transfer-agent and route restrictions can also apply.Source 1 |
| Securities lending — lender share | 70% of lending rate less applicable tax | XP retains 30%; borrower also pays the market rate and published fee.Source 1 |
The published page says partially executed orders are charged on the executed amount, unexecuted orders have no brokerage, and an amended order is treated as a new order for tariff purposes. Those rules matter when comparing an apparently low per-order price with several fills or amendments.[1]
Account comparison08
International conversion and additional product charges
| Area | Published position | Practical detail |
|---|---|---|
| BRL conversion bands | ≤15k / 15–50k / 50–100k / 100–250k / 250–500k / >500k | Rates below follow these six trade-size bands; minimum conversion R$100.Source 16 |
| Digital / Exclusive FX spread | 2.25 / 1.90 / 1.75 / 1.70 / 1.60 / 1.55% | IOF and off-hours pricing remain separate.Source 16 |
| Signature FX spread | 1.90 / 1.75 / 1.70 / 1.60 / 1.55 / 1.45% | Relationship tier affects the conversion price.Source 16 |
| Unique FX spread | 1.75 / 1.70 / 1.60 / 1.55 / 1.45 / 1.30% | Not a rate available to every customer.Source 16 |
| International funds | Up to 1.5%, minimum US$20; desk up to 2%, minimum US$20 | Separate from UCITS: digital 0.25%, desk 0.50%, minimum US$5.Source 16 |
The accredited-office domestic schedule is concrete: eligible RLP day trades are zero brokerage; without RLP, day orders cost R$8 up to R$10,000, R$10 from R$10,000–25,000 and R$12 above R$25,000. Swing orders are R$18.90. These differ from the self-directed rates and remain subject to the office arrangement and other charges.[16]
Execution & trading rules
Sections ↑Specifications09
Order handling and market access
| Rule or route | Published operation | Consequence |
|---|---|---|
| Self-directed Home Broker order | Customer enters the order through the qualifying platform | The channel determines whether the self-directed tariff applies.Source 5Source 1 |
| Adviser or dealing-desk order | Assisted execution under separate conditions | Do not apply the lower self-directed price without confirming the route.Source 1 |
| Partial execution | Brokerage charged on the executed amount | Several executions or a modified order can affect the final bill.Source 1 |
| Risk liquidation | Risk area can close positions under margin rules | Published compulsory-liquidation commission and market risk apply.Source 1 |
| RLP participation | Can change eligible day-trade commission | Participation does not remove market, execution or leverage risk.Source 1 |
Trading & service hours10
Sessions, settlement and order timing
| Situation | Published treatment | Boundary |
|---|---|---|
| Brazil exchange session | B3 instrument and calendar determine the session | A platform may accept instructions outside execution hours without immediate fill.Source 5Source 13 |
| International market session | Underlying US or UCITS market schedule | FX and off-hours conversion pricing can differ.Source 1 |
| Order amendment | Treated as a new order for tariff purposes | Confirm whether the prior instruction was cancelled or partially executed.Source 1 |
| Settlement and cash availability | Instrument-specific settlement precedes unrestricted withdrawal | Portfolio value or buying power is not the same as settled cash.Source 2Source 10 |
No independent execution-quality test was conducted. The tariff establishes charging rules, not price improvement, fill speed or the quality of an adviser’s recommendation.[1][5]
Deposits, withdrawals & transfers
Sections ↑Transfer terms11
Funding and available cash
| Route | Published process | Restriction or timing |
|---|---|---|
| Brazil bank transfer | Use the XP account instructions and same-title bank relationship | The official page warns against payment to third parties.Source 2 |
| Business-hours processing | Published operating context includes 09:00–17:00 on business days | Bank arrival and product availability remain separate.Source 2Source 10 |
| Securities portability | Use XP’s portability workflow for eligible holdings | Asset eligibility, delivering institution and tax/custody data affect completion.Source 3 |
| International funding / conversion | Convert BRL and USD through the global-account route | Spread tier, IOF and time of conversion affect the amount received.Source 1 |
Transfer terms12
Withdrawals and transfers
| Action | Published process | What changes the timing |
|---|---|---|
| TED / ordinary withdrawal | R$0 published XP withdrawal charge | Only unrestricted settled cash can be sent; bank and security controls still apply.Source 1Source 10 |
| International transfer out | ACAT/DRS/DWAC route-specific fees | Fractions or unsupported assets can require liquidation or another method.Source 1 |
| After a securities sale | Wait for settlement and operational release | The displayed portfolio proceeds can precede bank availability.Source 10 |
| Security restriction | Espaço Seguro or recovery controls can limit sensitive operations | Complete the authenticated recovery path rather than bypassing controls.Source 9 |
XP distinguishes account funding, purchasing power, settled cash and international currency conversion. A user should confirm the actual destination account and available-withdrawal field rather than infer liquidity from total portfolio value.[2][9][10]
Protection & regulation
Sections ↑Essentials13
Legal entity and authority evidence
| Measure | Value | Context |
|---|---|---|
| Contracting company | XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A. | Also commonly shown as XP Investimentos CCTVM S.A.; CNPJ 02.332.886/0001-04.Source 11Source 12 |
| CVM verification | Use the Cadastro Geral de Regulados | Match legal name, registration status and authorised activities before relying on the brand.Source 11Source 12 |
| Exchange participation | B3 participant search | Exchange participation and qualification are separate from CVM registration and do not guarantee returns.Source 13Source 12 |
| International service | XP Investments US, LLC | FINRA CRD156691 / SEC8-68817; separate from the Brazilian company and its FGC-eligible products.Source 17Source 18 |
Protections & eligibility14
Protection depends on the asset and account
| Arrangement | Relevant scope | What it does not cover |
|---|---|---|
| Brazil exchange-listed securities | Custody and settlement within the relevant B3/intermediary infrastructure | Does not compensate market loss, issuer failure or a bad investment decision.Source 13 |
| Eligible bank deposits / fixed income | FGC can apply under product, institution and aggregation rules | Not every fixed-income instrument is eligible and securities/funds are not converted into insured deposits.Source 14Source 7 |
| Funds | Fund assets and administrator/custodian structure | No FGC market-loss coverage; fund expenses and investment risk remain.Source 4Source 14 |
| Derivatives and margin | Exchange/risk-management framework and collateral | No protection from leverage loss or compulsory liquidation.Source 1 |
| Private insurance | No universal per-client XP policy limit established | Do not infer insurance from regulation, custody or the XP brand.Source 12Source 14 |
FGC is product- and institution-specific. Its existence cannot be presented as blanket protection for an XP portfolio containing shares, ETFs, funds, BDRs, derivatives or international securities.[14][4]
The US brokerage is XP Investments US, LLC, a separate legal company from XP Investimentos CCTVM S.A. FINRA BrokerCheck identifies CRD156691 and SEC8-68817 and shows SEC/FINRA registrations approved on 27 October 2011. The Brazil-hosted US privacy policy also identifies this US company. Brazilian FGC treatment cannot be carried over to its securities account.[17][18]
XP’s US website describes Pershing and Interactive Brokers as carrying relationships. The applicable global-account agreement determines the actual carrier; the high-net-worth US website is not proof that every digital account uses the same custody route. SIPC treatment concerns missing eligible assets at a failed member, not exchange-rate losses or investment performance.[19]
Opening an account & support
Sections ↑Process15
Application and account administration
| Stage | Published requirement | Operational detail |
|---|---|---|
| Identity and tax status | Complete digital onboarding and KYC | Approval and product permissions are separate from submitting the form.Source 4 |
| Service model | Choose self-directed, adviser-supported or specialist platform access | Channel choice can change price and operational responsibility.Source 1Source 6 |
| Bank link | Use same-title verified funding instructions | Never transfer to a person or unrelated third party.Source 2 |
| Product profile | Complete suitability and product-specific acknowledgements | Access to derivatives, international assets or complex products can be restricted.Source 4Source 1 |
Verified service routes
XP customer-service centreWebsite
https://atendimento.xpi.com.br/Source 20
Scope Authenticated support, account operations and current telephone/chat routes.
CVM participant searchWebsite
https://www.gov.br/pt-br/servicos/consultar-participantes-cvmSource 11
Scope Official registration check; not account support.
B3 participant searchWebsite
https://www.b3.com.br/pt_br/produtos-e-servicos/participantes/busca-de-participantes/participantes/Source 13
Scope Exchange-participant and qualification check.
Security environmentWebsite
https://atendimento.xpi.com.br/artigo/4282-o-espaco-seguro-limita-todas-as-minhas-operacoes-financeirasSource 9
Scope Sensitive-operation security guidance.
Process16
When the platform or device is unavailable
| Situation | Published route | Limitation |
|---|---|---|
| App/web unavailable | Use verified XP support and the applicable platform’s fallback | No public universal emergency-dealing price or execution guarantee established.Source 15Source 6 |
| Order status uncertain | Check order history and confirm through authenticated support | Do not duplicate an order solely because a screen failed to refresh.Source 5Source 15 |
| Security block | Complete Espaço Seguro recovery controls | Temporary restriction is not the same as closing the account.Source 9 |
| Adviser unavailable | Use official XP service rather than unverified messaging | An adviser relationship does not transfer withdrawal authority.Source 15Source 2 |
Current Brazilian service contacts include SAC 0800 772 0202, published daily 8am–8pm; metropolitan support +55 11 4003 3710; other locations 0800 880 3710; and overseas callers +55 11 4935 2701. The Ouvidoria escalation route lists 0800 722 3730, weekdays 9am–6pm. The current support hub is atendimento.xpi.com.br, which also accepts personal-data requests through its LGPD form.[20]
Additional services
Sections ↑Reference table17
Additional services and account controls
| Service | Published scope | Control or cost |
|---|---|---|
| Accredited adviser network | Human support and product distribution | Advice/service terms and order channel can change the applicable price.Source 1Source 4 |
| Securities lending | Optional lending economics for eligible assets | Lender receives published share; recall, tax and market conditions apply.Source 1 |
| International investing | US securities and UCITS access | Separate commission, FX, transfer and tax rules.Source 1 |
| Professional platforms | Advanced trading and market-data tools | Rental/data and eligibility can apply; tool availability is not execution quality.Source 6 |
Reference table18
Records, currency and technical access
| Account feature | Published outcome | Boundary |
|---|---|---|
| Statements and tax records | Account documents and reports are available through authenticated service | Download before closure and confirm annual Brazil/international tax documents.Source 15Source 4 |
| Order count / validity | Instrument and platform specific; no universal public maximum used | Inspect live ticket and open-order history.Source 5 |
| Device persistence | Server-accepted orders can remain after app closure | Reconcile before resubmitting.Source 5 |
| Security recovery / withdrawal hold | Espaço Seguro and operational controls can restrict sensitive actions | No single fixed hold period applies to every route.Source 9Source 10 |
| Currency handling | International FX spread varies by relationship, amount and time | IOF is separate; actual quote governs.Source 1 |
| API reach | Professional platforms may have integrations, but no unrestricted retail withdrawal API established | Permissions and platform agreement govern.Source 6 |
Company background & evidence
Sections ↑Entities & regulation19
Company identity and evidence
| Item | Current evidence | Interpretation |
|---|---|---|
| Legal identity | XP Investimentos CCTVM S.A. | Use legal name and CNPJ rather than only XP branding.Source 11 |
| Regulatory check | CVM Cadastro Geral plus B3 participant search | Different records establish registration and exchange participation.Source 11Source 13 |
| Business model | Self-directed brokerage plus adviser-supported distribution and international route | The price and responsibility depend on channel and product.Source 1Source 4 |
| Research date | 15 October 2026 | Public tariffs and operational pages can change; signed client terms control the account.Source 1 |
This profile uses XP’s current public costs and operational pages plus official CVM/B3 verification routes. It does not treat the XP group brand as evidence that every affiliate, product or overseas account shares the same legal entity or protection.[11][13][1]
- Headquarters
- São Paulo, Brazil
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Comissão de Valores MobiliáriosCNPJ 02.332.886/0001-04 | Not verified | Checked 15 Oct 2026Existing sources link general CVM verification routes; no named current CVM record was independently retrieved. CNPJ identifies the company, not an authorisation number.Source 11 |
XP Investments US, LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority156691 | Registered | Checked 15 Oct 2026Named current BrokerCheck report also identifies SEC8-68817; registration is not investment endorsement.Source 17 |
Additional Information
Sections ↑Sources & further reading
- Operational costs, commissions, international pricing and compulsory-liquidation charges XP Investimentos · Accessed 15 Oct 2026
- Funding instructions, same-title transfers and account details XP Investimentos · Accessed 15 Oct 2026
- Securities and investment-account portability XP Investimentos · Accessed 15 Oct 2026
- Investment product catalogue XP Investimentos · Accessed 15 Oct 2026
- Home Broker trading service XP Investimentos · Accessed 15 Oct 2026
- Trading platforms and professional tools XP Investimentos · Accessed 15 Oct 2026
- Fixed-income product access XP Investimentos · Accessed 15 Oct 2026
- Brazilian equities and exchange-listed product access XP Investimentos · Accessed 15 Oct 2026
- Espaço Seguro and transaction security controls XP Investimentos · Accessed 15 Oct 2026
- Published payment-processing times XP Investimentos · Accessed 15 Oct 2026
- CVM participant-registration search Comissão de Valores Mobiliários · Accessed 15 Oct 2026
- Official guidance on checking and choosing a securities intermediary Comissão de Valores Mobiliários · Accessed 15 Oct 2026
- B3 participant and qualification search B3 · Accessed 15 Oct 2026
- FGC guarantee scope and aggregation rules Fundo Garantidor de Créditos · Accessed 15 Oct 2026
- XP customer-service and complaint routes XP Investimentos · Accessed 15 Oct 2026
- Current operational tariff: FX relationship bands and additional execution channels XP Investimentos · Accessed 15 Oct 2026
- XP Investments US LLC current BrokerCheck firm report CRD156691 FINRA · Accessed 15 Oct 2026
- XP Investments US privacy policy, July 2025 XP Investimentos · Accessed 15 Oct 2026
- XP Investments US legal and carrying-broker disclosures XP Investimentos · Accessed 15 Oct 2026
- Current XP service and Ouvidoria contacts XP Investimentos · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.